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Fairmount Road, WORCESTER, Worcestershire. WR4 9FJ

Asking price £42,500, 3 bedrooms, Semi-Detached,
This property is not currently on market!
This property listing was removed on 20 Sep 10. To see full details and photos of this and other historic listings you will need to become a premium account holder
Nearest Station:

Worcester Shrub Hill Rail (1.7 km)

Worcester Foregate Street Rail (2.3 km)

Droitwich Spa Rail (7.3 km)

Agent’s wording:3 bed semi detached house
• Cooker, hob and extractor fan
• Gas central heating
• Double glazing
• NHBC warranty
• Two parking spaces
An internal viewing is recommended to appreciate the high specification.
Who Can Purchase a Shared Ownership Property
They must have sufficient income to meet the expenditure required for shared ownership, therefore, paying rent and mortgage on the property, but must not have sufficient income to purchase a dwelling suitable for their needs outright.
Shared Ownership Works
Purchasers acquire a share in the property by way of a mortgage loan and their own savings. In addition to the mortgage loan repayments occupiers will be required to pay a rent to the Association for the remaining portion of the property. The combination of this part mortgage part rent is believed to be lower than the cost of the mortgage repayments if the property was purchased outright. When purchaser’s circumstances improve they have the option to purchase more, or indeed all, of the equity of the property.

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House prices last updated 1st April 2012

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